EID Acquires Additional 10 Billion KRW Worth of EQCell Shares... Stake Reaches 70.2%
[Asia Economy Reporter Eunmo Koo] EID announced on the 21st that it will additionally acquire 6,666,666 shares of E-Q-CELL, a company other than semiconductor equipment manufacturing, for approximately 10 billion KRW. After the stock acquisition, EID's stake in E-Q-CELL will be 70.2%. The scheduled date for the stock acquisition is the 30th. EID stated that the purpose of this stock acquisition is "to improve the financial structure of the subsidiary and support operating funds."
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